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Dream Employers
Uncovered
2010 Report




 BROUGHT TO YOU BY:
Contents
1.    Introduction....................................................................................................................................... 2

2.    And the winners are... ....................................................................................................................... 3

           New Zealand companies play the Kiwi card .................................................................................... 4

3.    What makes a Dream Employer? ...................................................................................................... 5

           Recognition just as important as pay .............................................................................................. 6
           What‟s important in a Dream Employer for the different generations? .............................................. 7
           The top five uncovered ................................................................................................................... 8

4.    Only 3/10 people are working for their Dream Employer .................................................................. 9

           Would you recommend your current employer? .............................................................................. 10
           Who‟s recommending whom? ........................................................................................................ 10
           Who‟s missing from the list? ........................................................................................................... 10

5.    Being your own boss is on the wish list ........................................................................................... 11

           Who wants to be their own boss? ................................................................................................... 12

6.    The nightmare employer ................................................................................................................... 13

7.    The winners under the microscope .................................................................................................. 14

           Dream Employers by industry......................................................................................................... 14
           Conscience versus glamour .......................................................................................................... 15
           Dream Employers, male and female choices .................................................................................. 15
           Industry choices by profile .............................................................................................................. 16

8.    Methodology ..................................................................................................................................... 17

9.    Response rates ................................................................................................................................. 18

10.   About us ............................................................................................................................................ 19

           About Insync Surveys .................................................................................................................... 19
           About RedBalloon .......................................................................................................................... 19
           Dream Employers Supporter – Talent2 ........................................................................................... 19




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                                      Page 1
1. Introduction
For many years Australia and New Zealand have lacked an employer of the year award that can be won by
any organisation. Accolades are reserved for organisations that self nominate, respond to a defined criteria
and invest time and effort in creating polished submissions.

Insync Surveys and RedBalloon have solved this problem with the Dream Employers Survey. We asked the
public; “who is your Dream Employer?” With no strings attached, they dreamed for a few minutes about what
could be.

The findings are revealed in this report. In addition to listing Australia and New Zealand‟s Dream Employers
the public‟s motivators are also explored. Read on to find out more.




Key findings
1       Aussies and Kiwis dream of mixing work with play –
        80% of the Dream Employers promote a fun working environment


2       A company‟s reputation/brand is the number one attribute that drives interest
        from job seekers

3       Putting people first is a winning strategy according to 39% of voters

4       73% of people are not working for their Dream Employer


5       For every self-employed person there‟s another seven who wish they were

6       Negative work culture is voted mostly likely to tarnish an employer brand




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                  Page 2
2. And the winners are...
                                                                   Congratulations to Google, voted the 2010
Rank                   Dream Employer
                                                                   Dream Employer by the Australia and New
  1                          Google                                Zealand public. Google is known worldwide for
  2              Virgin Group/Richard Branson                      its culture and office fit outs. “Talented people
  3                            Self                                are attracted to Google because we empower
                                                                   them to change the world,” according to the
  4                           Apple
                                                                   Google founders in a letter in 2004. “This is still
  5                          Qantas
                                                                   a core principle at Google and a foundation of
  6                The Walt Disney Company
                                                                   our company,” explains Joe Krayer, HR
  7                           OMD                                  Director, Google Australia.
  8                      Sydney Water
  9                         Getaway                                Our research found key attributes attract

  10                       Coca Cola                               potential employees regardless of industry.
                                                                   The report uncovered image and reputation
  11                        Microsoft
                                                                   drive attraction just as Xiang, Chen & Ye
  12                        Vodafone
                                                                   (2005) would predict using the signalling
  13                          eBay                                 theory.
  14                  Commonwealth Bank
  15                   The United Nations                          Ranked second, the various Virgin companies
  16                         Salmat                                have a CEO that sends strong signals about
                                                                   the brand. Richard Branson provides a halo
  17                      Lonely Planet
                                                                   effect for the entire Virgin Group. He boosts
  18                    Air New Zealand
                                                                   attraction and job application numbers by
  19                          ABC
                                                                   sending signals about what it is like to work at
  20                       BHP Billiton                            Virgin.

At a recent Business Chicks Breakfast in Sydney, Branson promoted Virgin‟s culture when he said, “Our
people need to be 100% proud of where they work and believe in what they do every day.” Branson is often
shown partying with staff which conveys the image that combining work and play is the norm at Virgin.

A standout finding from the survey was the desire for people to work for themselves.
Being your own boss and having control over your working life is very appealing
to the Australian and New Zealand public. However, not everyone who is
currently self-employed voted themselves as working for their                              “Many people might not know
Dream Employer. This is explored in more detail in section                             what Google employees actually
five.
                                                                                 do all day, but they still want to do it.”
Other top 20 highlights include Getaway and the United
Nations. “Australians are the world‟s greatest travellers and we                     James Garriock, CEO, Insync Surveys
allow people to dream for an hour a week of being somewhere
else,” says John Walsh, executive producer at Getaway. The idea
of getting paid to travel around the world is a key attraction. The United Nations on the other hand has only a
small pool of direct employees in Australia, yet the work they do clearly resonates with many.




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                  Page 3
Lastly, employee advocacy played a large part in the appearance of OMD, Sydney Water
                             and Salmat on the final list, given that they‟re not widely known consumer brands. Staff
                                  loyalty is often a measure of a successful attraction strategy (Corporate Leadership
                                        Council, 1999).
“One of our values is
„fun really matters‟.”                             Most of the Dream Employers are high profile consumer brands.
                                                     Many of them also offer the chance for employees to mix work with
Carolyn Maloney,                                     play. Disney is a great example: “It sounds simple, but what we do for
Director People Management, OMD                    a living makes people happy and you can‟t underestimate how much
                                                 that means to our employees,” says Carly Peter, Human Resources
                                              Director for The Walt Disney Company Australia and New Zealand.




           New Zealand companies play the Kiwi card
           Half of New Zealand‟s Dream Employers are local companies that aren‟t ashamed to play the patriotism card.
           Kiwibank CEO Paul Brock sums it up by saying, “Everyone owns the culture; the culture in our bank is about
           being Kiwi.” This is also true at Air New Zealand, who “encourage people to be themselves and to share the
           Kiwi spirit,” according to Group GM Technical Operations and People, Vanessa Stoddart.

           When asked what is the best thing about working at ASB Bank, John Barclay, Chief Human Resources Officer
           responded, “Over 3700 of our colleagues have stated they value our company reputation, the fact that we‟re a
           successful business and we provide the opportunity to work with great people.” The New Zealanders clearly
           have passion for their national brands and their people.




                                        Rank                   NZ Dream Employer

                                          1                            Google
                                          2                      Air New Zealand
                                          3                             Self
                                          4               Virgin Group/Richard Branson
                                          5                           Vodafone
                                          6                           Kiwibank
                                          7                           ASB Bank
                                          8                           Fonterra




           Dream Employers Uncovered 2010 Report
           © Insync Surveys Pty Ltd                                   Page 4
3. What makes a Dream Employer?
What is so appealing about the 20 Dream Employers and what are they doing right? Respondents were asked
to nominate why they had chosen a particular company as their Dream Employer from a choice of 12 options
including “other”. Up to three responses could be chosen.


                                  Reasons for choosing a Dream Employer


  Brand/company reputation                                                                       41%

                        Culture                                                               39%

            Work-life balance                                                28%

      Rewards & recognition                                                27%

            Personal interest                                              27%

   Pay, benefits & conditions                                              27%

         Products & services                                         23%

                   Innovative                                      21%

        Social/environmental                            14%

                          CEO                     11%

          Equal opportunities           4%


The top drivers are brand/company reputation and culture. The importance of developing a healthy brand and
creating a people-centric organisation is key to gaining a competitive advantage in the employment market, a
notion supported by Pfeffer (1998) and reinforced by the voters‟ voice.

Ultimately, brand image is built through a solid reputation for consistently delivering on an employment value
proposition. An employer that fails to deliver value to the employee will have a disgruntled workforce and a
blemished reputation.

Google is consistently selling their employer value proposition through the media, across the web and by
promoting employer excellence awards. “At Google we believe that a strong culture and an atmosphere of fun,
integrity, and creativity contribute to the productivity of our employees. Googlers believe in the company they
work for and truly enjoy coming to work each day,” says Joe Krayer, HR Director, Google Australia.

“The Australian public has a strong affinity with the Disney brand. For more than 80 years, The Walt Disney
Company has created magical, compelling entertainment experiences that delight audiences and engage
families through the generations,” says Carly Peter, Human Resources Director for The Walt Disney Company
Australia and New Zealand. Both existing and potential employees get a “feel good” sense (Greening &
Turban, 2000) when viewing the company as an employer and these positive messages of brand and culture
are reinforced in the market.




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                  Page 5
Word of mouth is an extremely powerful tool to promote positive messages to the market (Reichheld, 2003).
         Coca Cola Amatil have a very effective employee referral program which helps spread the word about the
         company culture to future candidates. Grant Kerswell, Director Human Resources, Coca Cola Amatil also
         highlights, “There is so much passion in our business because our people are passionate about the brands
         and our company.” Many people learn about a company‟s culture through word of mouth.

         Work/life balance is also a priority for voters. With “play” being a common theme across a majority of the top
         20 brands this is not a surprising result. However, being able to find the right balance between professional
         and home life is taken very seriously by many companies, including Lonely Planet. “We have high
         expectations, and in return we offer considerable flexibility and a fun working environment. It‟s also much
         easier to get the work/life balance right when you are passionate about what you do,” comments CEO Matt
         Goldberg.




         Recognition just as important as pay
         Generous pay and trendy products or services are not enough anymore to make an employer stand out as the
         most desirable place to work. The results show rewards & recognition are just as highly sought after as pay,
         benefits & conditions and personal interest, with all three sets of factors receiving the same number of
         nominations among respondents. Employees want to be acknowledged, thanked and recognised for their
         contribution and this is a key factor in their decision to stay with their employer. A recent RedBalloon survey of
         3,000 employees found that 52% of employees said they would leave their company if they did not receive
         recognition.

         Whichever way you look at it, becoming a Dream Employer is not easy. There are many factors that contribute
         to a successful employer brand. It‟s about delivering on promises and ensuring they are aligned with the
                     company‟s reality. “Brands are delivered by people not products. How people talk about an
                                     organisation is the most powerful way to build a brand. A recognition program
                                              recognises employees' positive behaviours you want to reward, such as
                                                     living a brand's values, which in turn contributes to its culture," says
                                                        Naomi Simson, CEO and Founder, RedBalloon.
“Your value proposition has to
be reflected across your business,
starting with the recruitment process –
branding as you go to press, tone and words used
in the screening process, interaction when hiring, the
company induction and your overall orientation to the
organisation.”

Peter George, Organisational Psychologist, Talent2




         Dream Employers Uncovered 2010 Report
         © Insync Surveys Pty Ltd                                   Page 6
What’s important in a Dream Employer for the different
generations?
   •   Company/brand reputation is most important for Gen X and Y                         “Gone are the days when
       men
                                                                                   managers only gave their staff
   •   Culture is equally a driver for all generations               a pat on the back and a couple of movie
   •   Work/life balance is rated second in                   tickets for a job well done. The importance of
       importance for Baby Boomers and not a                         reward and recognition programs are an
       high priority for Gen Y, which could be                        imperative driver for business success.”
       reflective of life stages

   •   Personal interest ranked fourth for Gen Y,                   Naomi Simson, CEO and Founder, RedBalloon
       who are keen to pursue their passions


                          Reasons for choosing a Dream Employer by generation

                                                                                     31%
       Brand/company reputation                                                                    42%
                                                                                                     44%
                                                                                                38%
                           Culture                                                               39%
                                                                                                 39%
                                                                                      32%
                Work-life balance                                                   30%
                                                                             25%
                                                                     21%
                Personal interest                                      23%
                                                                                          34%
                                                                             25%
       Pay, benefits & conditions                                              27%
                                                                               27%
                                                                                    30%
          Rewards & recognition                                               26%
                                                                             25%
                                                                              27%
              Products & services                                      23%
                                                                     21%
                                                                    19%
                        Innovative                                    21%
                                                                       22%
                                                           15%
             Social/environmental                        13%
                                                            16%
                                                            16%
                              CEO                        13%
                                               6%
                                                     10%
             Equal opportunities           4%
                                         2%
                                              Baby Boomers           Gen X          Gen Y




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                   Page 7
The top five uncovered
         Why are people attracted to the top five companies and what are they
         doing right?                                                                                “Marketing investment
                                                                                                   designed to attract new
          1      Google is a clear winner for its culture and work/life
                 balance. “Perhaps what best demonstrates                         customers also has a spill over effect
                 Googlers‟ belief that their work is not just a job is the                  in attracting new employees.”
                 culture of honesty and kindness that permeates the
                 company,” reports Joe Krayer, HR Director, Google                    James Garriock, CEO, Insync Surveys
                 Australia.



          2      Richard Branson and the Virgin Group are seen as
                 one and the same, and appeal is very high. Respondents indicated the CEO is equally
                 important as brand/company reputation. The local brand Virgin Blue achieved success, being
                 voted the “best low cost airline” four times running. Australian CEO John Borghetti says, "The
                 award is testimony to the great product, brand and people that make Virgin Blue what it is
                 today.”



          3      With one in ten people currently working for themselves in Australia (ABS, 2009) it is of no
                 surprise that the majority of respondents are looking for work/life balance and to pursue a
                 personal interest. None of the top companies come close to what people think they can offer
                 themselves on these two factors.



          4      Apple’s biggest attraction driver is its brand/company reputation and perhaps not
                 surprisingly, products and services are also a key factor in why people voted for Apple. The
                 worldwide popularity of Apple‟s products, such as the iPhone which was ranked nine in
                 BrandAsset Consulting‟s 2010 Australian leading brands, has translated into an employee
                 attraction factor.



          5      The Spirit of Australia brand, Qantas, is led by the driver of brand/company reputation. It‟s
                 also in front for pay, rewards and recognition and benefits and conditions.




New Zealand
Dream Employer drivers
  1.   Air New Zealand are driven by
       brand/company reputation

  2. Kiwibank‟s key attribute is culture
  3. ASB Bank is voted for rewards & recognition
       and products & services




         Dream Employers Uncovered 2010 Report
         © Insync Surveys Pty Ltd                                     Page 8
4. Only 3/10 people are working for
                  their Dream Employer
         Employed respondents were asked the question “Are you currently working for your Dream Employer?”

         Only one in five Gen Y respondents is working for their Dream Employer. Even more disturbing is that as they
         near the end of their careers, only 38% of Baby Boomers have found their Dream Employer.


                                       Working for your Dream Employer by generation


                       Baby Boomers                                                                      38%

                               Gen X                                                 26%

                               Gen Y                                       20%


         Creating a “people centred” company rather than chasing and acquiring top talent is a very effective
         management strategy according to Pfeffer and O‟Reilly (2000). This was reinforced by Richard Branson when
         he spoke at the recent Ultimate Success Summit in Sydney, “Lavish praise on people to get the best from
         them. Look for the best in people. If those people are happy in their workplace and enjoy the work they‟re
         doing, then your customers will be happy.”

         The key to building a viable employment brand is delivering on your value proposition. Peter George,
         organisational psychologist at Talent2, says, “Once an employee starts, inconsistencies in the advertised
                      employer value proposition and day to day practices will no longer be tolerated by individuals
                              who now, more than any other time in history, look at core values and how their
                                           leaders bring out those core values.”



“Over 90% of staff who respond
to our employee satisfaction survey
say they are proud to work at Microsoft and
would recommend Microsoft as a great place to
work.”

Nicole Blunck, Organisational Development Manager,
Microsoft




         Dream Employers Uncovered 2010 Report
         © Insync Surveys Pty Ltd                                 Page 9
Would you recommend your current employer?
To gauge employee loyalty, employed respondents were asked how likely they would be to recommend
working at their organisation to family and friends. A scale of 0–10, where 0 equals not at all likely and 10
equals extremely likely, was used.


                                           Current employer advocacy




                                              32%
                      37%                                    Promoters – responded 9 or 10

                                                             Passive – responded 7 or 8

                                                             Detractors – responded 6 or less


                                     31%


The overall Net Promoter Score (NPS)* for current employers is negative five (-5). Insync Surveys‟ proprietary
research shows that only one quarter of Australian organisations have a net positive word-of-mouth from
employees.

Top listed company Air New Zealand understands the importance of employee loyalty and their efforts seem
to be paying off. “At exit interviews 99% of staff say they would return to Air New Zealand if the opportunity
arose,” says Vanessa Stoddart, Group GM Technical Operations and People, Air New Zealand.




Who’s recommending whom?
People from the IT, media and finance sectors are most likely to recommend their current employer.
However, employees in the agricultural, forestry and fishing sector are least likely to be advocates. Current
employees are the most commonly used and most credible source of information about an organisation for
prospective employees so the advocacy test is a key forward indicator of attractiveness.




Who’s missing from the list?
Notorious for its status as a “millionaires‟ factory”, Macquarie Bank is a notable absentee from the post GFC
Dream Employers list. However, when asked the question “Who do you think is the Dream Employer in the
industry that you work in?” the holy dollar company remains the most popular choice for the 226 respondents
currently employed in the financial sector. Second place for this group was Commonwealth Bank, which was a
more popular choice than any of the other retail or merchant banks, super funds and insurance companies.




*Net Promoter is a registered trademark of Satmetrix Systems, Inc., Bain & Company and Fred Reichheld




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                     Page 10
5. Being your own boss is on the
         wish list
Of those who want to be their own boss, only one in eight (12%) are currently self-employed. It seems the
grass is greener theory applies here. “When you‟re employed, you don‟t know what you don‟t know. It‟s easy
to look at self-employment with rose-tinted glasses,” says Robert Gerrish, Founder of Flying Solo. When
people work for themselves they don‟t appear to be much happier than others. The results show 35% of
currently self-employed people work for their Dream Employer. When compared to the overall response of
27%, the results are similar. However, the concept of freedom is very inviting. In a recent survey by Flying
Solo, respondents said the biggest appeal of self-employment was general flexibility, followed closely by being
in control.

                      Employment status for those who want to work for themselves


                                    2% 1%
                                  2%
                                         4%

                                  5%
                                                                         Employed
                                                                         Self-employed
                            12%                                          Home duties
                                                                         Student
                                                                         Unemployed
                                                                         Retired
                                                                         Other
                                                          74%




The main drivers for wanting to be self-employed are work/life balance and personal interest. Research
from Flying Solo also supports this, but suggests that the balance is “within” rather than “between” life
and work. “Many self-employed people work long hours, but they do so when they want to and because
they want to. It‟s less because „they have to‟,” explains Gerrish.


                              Self-employed working for their Dream Employer




                                                          35%
                                                                      Yes
                                                                      No
                                       65%




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                   Page 11
Reasons for wanting to be self-employed


                                                                                                      31%
             Work-life balance
                                                                                                    30%

                                                                                21%
              Personal interest
                                                                                   23%

                                                               13%
    Pay, benefits & conditions
                                                         10%

                                                   7%
       Rewards & recognition
                                                    8%

                                                   7%
         Social/environmental
                                                   7%

                                                 5%
                           CEO
                                                  6%

                                                               13%
                        Culture
                                             4%

                                            3%
          Products & services
                                            3%

                                           Currently self-employed    Not currently self-employed




Who wants to be their own boss?
The Baby Boomer male is more likely to take the
                                                                                Is the grass greener on
risk of being their own boss, according to                                        the self-employed side?
the results. This finding is also
supported by Gerrish. “Increasingly                    “There are definitely downsides to being self-employed.
they are looking for lifestyle over                     Isolation can be a problem. The self-employed have to
income, by the Baby Boomer
                                                               work hard at staying connected, getting out and
age they are typically well-
established financially, and like
                                                          networking, not only to grow business but for human
the idea of being masters of their                                                                          connection.”
own destiny.”
                                                                          Robert Gerrish, Founder of Flying Solo




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                   Page 12
6. The nightmare employer
The survey also asked the question “What makes a nightmare employer?” Eight options were offered,
including “other” with respondents able to choose up to three.


                               Reasons for nominating a nightmare employer


                       Poor culture                                                         35%


                 Nature of the work                                                   31%


      Company/industry reputation                                                   30%


            Negative social impact                                               28%


                      Bureaucratic                                              27%


  Lack of rewards and recognition                                         23%


             Environmental impact                          13%


Negative workplace culture is the key factor in tarnishing an organisation as an ideal employer. People are
drawn to a company‟s culture and the strength of its brand, and survey respondents clearly do not want to be
associated with a company that has a bad reputation. The findings are in line with the notion that people are
happiest and productive when they are working in a healthy organisational culture and the reverse is true, in
that culture plays a huge part in high performing organisations (De Waal, 2007).

Nature of work was ranked second in identifying a nightmare employer. People want to be passionate about
their job and understand this is a key driver to being happy in the workplace. Linn Taylor, Production Manager,
at Getaway, sums it up by saying, “We have a core group of people that have been with the show for ten
years plus. We all have a passion for travel.”

Bureaucratic and negative social impact also ranked high on the list of turn offs. People want a fun work
environment without the red tape. People‟s self image is boosted when they are work for a socially responsible
organisation.

Interestingly, lack of rewards and recognition didn‟t appear on the top of the list, perhaps indicating an
employer‟s value is based on multiple job offer components rather than just compensation.




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                   Page 13
7. The winners under the
           microscope
In this section we take a closer look at the Dream Employers and dig deeper to uncover some of the trends
that have emerged within industries, generational differences and preferences according to gender.




Dream Employers by industry

So who are the industry winners? Not surprisingly 11 of the industry winners also appear on the overall Dream
Employers list. However, the additional four companies who have come up favourites have a high profile and
continually send positive employer brand messages; which appears to give these companies a competitive
advantage in the labour market.



 Industry                            Dream Employer                               Main reason why

 Advertising                                OMD                                        Culture
 Airline                                    Virgin                                    The CEO
 Alcohol                                 Lion Nathan                                   Culture
 Automotive                                 BMW                              Brand/company reputation
 Communication                            Vodafone                                     Culture
 Finance                            Commonwealth Bank                        Brand/company reputation
 Food & drink                            Coca-Cola                           Brand/company reputation
 IT                                        Google                                      Culture
 Media - film                     The Walt Disney Company                    Brand/company reputation
 Media - print                             Vogue                             Brand/company reputation
 Media - television                       Getaway                                 Personal interest
 Not-for-profit                         United Nations                          Social/environmental
 Retail                                     eBay                                       Culture
 Sport                                      AFL                              Brand/company reputation
 Travel                                 Lonely Planet                             Personal interest



Perhaps no surprise is that the iconic Richard Branson is the driver for Virgin being voted a Dream Employer.
He lives and breathes the brand, a point he reinforced to an audience at the Business Chicks Breakfast in
Sydney. “I hang out with my people when I travel, party with them. Apart from the fact I like it…you have to be
available to your people.” This is smart and it‟s working. De Waal (2007) also agrees that leadership is a key
characteristic of high performing organisations.




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                 Page 14
Lonely Planet knows that a key attribute for them is personal interest. “It‟s
understandable there are people passionate about working for a company
that exists purely to help people have amazing travel experiences.
Our brand is well known and stands for empowering authentic
experiences,” comments Lonely Planet CEO Matt Goldberg.
                                                                                               What drives
Lonely Planet understand travel is loved by many                                people to work for a NFP?
and is often life changing, hence they
actively promote this attribute to build                   “People might dream of working for a NFP, but not all
their employer brand.                                 of them apply. It‟s the one slice of the working world that
                                                           drives itself on its passion, resourcefulness and sheer
                                                                   dedication to get results and make a difference.”
Conscience versus
glamour                                                Dianne Holbery, Services Manager, Impact Support Services
Twice as many people want to work for a
not-for-profit (NFP) organisation as for a luxury brand.
Despite this, the result is surprising in the light of recent research by Insync Surveys on HR challenges for
NFPs which addresses the unique recruitment issues faced by the industry. Limited budget and low salaries
are some of the hurdles limiting job applications. However, given the chance to dream, people are more willing
to attach to values than work for glamour. Perhaps signalling theory (Greening & Turban, 2000) is at play here
again, but this time the social conscience comes from the prospective employee, not the employer.




Dream Employers, male and female choices
The gender results are not as stereotypical as one might expect. Men and women want to work for similar
organisations and are attracted to Dream Employers by the same drivers.



                             Female                                             Male

          Rank      Dream Employer                           Rank      Dream Employer

            1       Google                                     1       Google
            2       Virgin Group/Richard Branson               2       Virgin Group/Richard Branson
            3       Self                                       3       Self
            4       Qantas                                     4       Apple
            5       Apple                                      5       Coca-Cola
            6       The Walt Disney Company                    6       BHP Billiton
            7       OMD                                        7       Qantas
            8       Getaway                                    8       The Walt Disney Company




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                    Page 15
There are two clear differences between the male and female results. Coca Cola and BHP Billiton are brands
that appeal more to men than women, ranking fifth and sixth respectively. These companies‟ key features
appeal to a male audience. The reputation of being a boys‟ club is certainly evidenced in the results for BHP
Billiton‟s appeal to men.

OMD and Getaway are the female preference. OMD‟s result can be attributed to high female employee
engagement. Getaway„s image of freedom, luxury travel and continual new experiences influenced many
women. This value proposition far outweighs the downside of travelling for up to 20 weeks of the year.




Industry choices by profile
It‟s of no surprise men are twice as likely to opt for sport and finance. Conversely, not-for-profit and travel
choices are 50% more attractive to women. Insync Surveys‟ NFP research paper supports the idea that NFPs
appeal to women and the Dream Employers results back this up.


Government was ranked third as a Dream Employer industry. A multitude of government organisations were
nominated without a standout choice.


                               Female                                             Male

           Rank      Industry                                 Rank      Industry

             1       IT                                         1       IT
             2       Airline                                    2       Airline
             3       Government*                                3       Government*
             4       Retail                                     4       Retail
             5       Self-employed                              5       Self-employed
             6       Not-for-profit                             6       Professional services
             7       Travel                                     7       Sport
             8       Professional services                      8       Finance



Baby Boomers didn‟t favour a particular industry, however they are half as likely to
want to work in IT than other generations. Gen Y and X are more likely to
                                                                                             “Understanding your target
dream of working in the following sectors:
                                                                                         employee groups and creating
   • Food and drink
                                                                             messages that resonate with them is the
   • IT
                                                                              most efficient way of building employer
   • Media – film                                                                                           attractiveness.”
   • Retail
   • Advertising                                                                    James Garriock, CEO, Insync Surveys
Airlines was also clear standout for Gen X.




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                    Page 16
8. Methodology
           The survey was designed to identify which organisations Australians and New Zealanders dream of working
           for; and why.

           The survey consisted of 10 mainly pre-coded questions and was completed online during August 2010. The
           survey was made available to the general public via a dedicated Dream Employers website
           (www.dreamemployers.com.au), email, online Fairfax websites and Facebook. In addition, business leaders
           were also able to encourage their networks to participate.

           The survey resulted in a high response from a random sample of the online population. Whilst the focus of the
           research was primarily Australia and New Zealand, given the approach used, there was scope for responses
           from all over the world. The survey recorded place of residence to facilitate country specific analysis.

           Respondents to the survey, excluding ACT residents, were entered
           into a prize draw to win one of two $500 RedBalloon gift
           vouchers.

           All respondents were asked to nominate their
                                                                                          “Over the last few years we have
           Dream Employer. Responses to this question                                    achieved significant change in our
           were ranked in order of frequency,                                   culture to one where our people are even
           with the highest ranking                                     more committed to our goals and valued for their
           organisations identified as
                                                            contributions. Being recognised as a Dream Employer is
           the winners.
                                                          testament to the importance we place on our people being
           Academic references are                                                                        key to our success.”
           available by emailing:
           research@insyncsurveys.com.au
                                                                      Barbara Chapman, Group Executive Human Resources
                                                                                 and Group Services, Commonwealth Bank




“When you tell people you
work for Disney, it always
invokes a positive reaction.”

Carly Peter, Human Resources Director
for The Walt Disney Company Australia and
New Zealand




           Dream Employers Uncovered 2010 Report
           © Insync Surveys Pty Ltd                                   Page 17
9. Response rates
The 2010 Dream Employers Survey was completed by 2965 respondents. A breakdown of responses by
demographic is shown below.




        Gender                                            Generation



                                                                       13%

    32%                                                                           Baby Boomers
                                                       35%                        (1940-1960)
                                  Female
                                                                                  Gen X
                                  Male                                            (1961-1980)
                           68%                                                    Gen Y
                                                                          52%     (1981-1994)




        Location                                          Employment situation

                1%

          10%                                                    5%
                                                            6%
                                                       7%                         Employed
                                  Australia          4%                           Home duties
                                  New Zealand                                     Self-employed
                                  Other
                                                                                  Student
                                                                          78%     Other
                     89%



        Australia                                           New Zealand

                2%
          7%                                                 13%
                                  NSW
                                  QLD
                           43%                                                    North Island
  31%                             SA
                                  VIC                                             South Island
                                  WA
         5%                       Other                                87%
                13%




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                          Page 18
10. About us
About Insync Surveys
Insync Surveys is a 2009 BRW Fast 100 company. With offices in Melbourne and Sydney, we specialise in
employee, customer, board and other stakeholder surveys backed by consulting. Our organisational
psychologists and research experts help organisations become more effective.

We‟ve worked with some of the largest organisations in Asia Pacific, including: Cathay Pacific, Toll, Medibank
Private, WorleyParsons, Fairfax Digital, Mission Australia, the Australian Curriculum, Assessment and
Reporting Authority, state government departments, many local councils and most university libraries. This
broad experience allows us to benchmark your results.




About RedBalloon
RedBalloon For Corporate provides exciting reward and recognition solutions, corporate gifts and sales
incentives to ensure businesses keep their employees and customers motivated, rewarded and engaged.
Using RedBalloon‟s unique resource of over 2,000 amazing experiences in Australia and New Zealand they
specialise in creating attachments between employees and their employer. RedBalloon has also been
awarded for its innovative employee engagement practices. In 2009 they were named in the top ten Best
Places to Work by BRW and Hewitt Associates have also awarded RedBalloon with an engagement score of
over 90 percent two years in a row. The average engagement score in Australian businesses is 55 percent.




Dream Employers Supporter – Talent2
Talent2 is the leading Human Resources Outsourcing (HRO) and Managed Services provider in the Asia
Pacific region, delivering integrated HR solutions, both outsourced and in-sourced, and innovative and
effective talent management solutions. The company offers a range of solutions including Recruitment, RPO,
HR and Payroll and Learning and Development, which positions the company uniquely to service the rapidly
growing business needs for HRO.

Founded in 2003, the company is listed on the Australian Stock Exchange („TWO‟). Talent2 operates through
a holistic offering set of „Acquire, Manage and Optimise,‟ which makes the company uniquely placed to service
growing business needs for HRO.




BROUGHT TO YOU BY:                                                              SUPPORTER:




Dream Employers Uncovered 2010 Report
© Insync Surveys Pty Ltd                                 Page 19
Contact us
To discuss any of the research in further    To transform your workplace culture,      To find out more information from Talent2,
  detail or review your organisation‟s       contact RedBalloon for corporate gifts,    or to speak to someone on the topic of
   retention and employee alignment          reward and recognition programs and        effective talent management solutions,
     requirements, please contact:              employee engagement advice.                         please contact:

             Virginia Shaw                            RedBalloon Corporate                         Aideen McDonald
        Insync Surveys Pty Ltd                       Australia: 1300 85 09 40                  BlueChip Communication
   research@insyncsurveys.com.au                    query@redballoon.com.au            aideen@bluechipcommunication.com.au
       Phone: +61 3 9909 9222                       New Zealand: 0800 555 029                  Phone: +61 2 9018 8600
                                                     query@redballoon.co.nz                        +61 416 946 932




      www.insyncsurveys.com.au                 www.redballoon.com.au/corporate                     www.talent2.com
            Dream Employers Uncovered 2010 Report
            © Insync Surveys Pty Ltd                                Page 20

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Dream Employers Uncovered 2010 Report

  • 2. Contents 1. Introduction....................................................................................................................................... 2 2. And the winners are... ....................................................................................................................... 3 New Zealand companies play the Kiwi card .................................................................................... 4 3. What makes a Dream Employer? ...................................................................................................... 5 Recognition just as important as pay .............................................................................................. 6 What‟s important in a Dream Employer for the different generations? .............................................. 7 The top five uncovered ................................................................................................................... 8 4. Only 3/10 people are working for their Dream Employer .................................................................. 9 Would you recommend your current employer? .............................................................................. 10 Who‟s recommending whom? ........................................................................................................ 10 Who‟s missing from the list? ........................................................................................................... 10 5. Being your own boss is on the wish list ........................................................................................... 11 Who wants to be their own boss? ................................................................................................... 12 6. The nightmare employer ................................................................................................................... 13 7. The winners under the microscope .................................................................................................. 14 Dream Employers by industry......................................................................................................... 14 Conscience versus glamour .......................................................................................................... 15 Dream Employers, male and female choices .................................................................................. 15 Industry choices by profile .............................................................................................................. 16 8. Methodology ..................................................................................................................................... 17 9. Response rates ................................................................................................................................. 18 10. About us ............................................................................................................................................ 19 About Insync Surveys .................................................................................................................... 19 About RedBalloon .......................................................................................................................... 19 Dream Employers Supporter – Talent2 ........................................................................................... 19 Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 1
  • 3. 1. Introduction For many years Australia and New Zealand have lacked an employer of the year award that can be won by any organisation. Accolades are reserved for organisations that self nominate, respond to a defined criteria and invest time and effort in creating polished submissions. Insync Surveys and RedBalloon have solved this problem with the Dream Employers Survey. We asked the public; “who is your Dream Employer?” With no strings attached, they dreamed for a few minutes about what could be. The findings are revealed in this report. In addition to listing Australia and New Zealand‟s Dream Employers the public‟s motivators are also explored. Read on to find out more. Key findings 1 Aussies and Kiwis dream of mixing work with play – 80% of the Dream Employers promote a fun working environment 2 A company‟s reputation/brand is the number one attribute that drives interest from job seekers 3 Putting people first is a winning strategy according to 39% of voters 4 73% of people are not working for their Dream Employer 5 For every self-employed person there‟s another seven who wish they were 6 Negative work culture is voted mostly likely to tarnish an employer brand Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 2
  • 4. 2. And the winners are... Congratulations to Google, voted the 2010 Rank Dream Employer Dream Employer by the Australia and New 1 Google Zealand public. Google is known worldwide for 2 Virgin Group/Richard Branson its culture and office fit outs. “Talented people 3 Self are attracted to Google because we empower them to change the world,” according to the 4 Apple Google founders in a letter in 2004. “This is still 5 Qantas a core principle at Google and a foundation of 6 The Walt Disney Company our company,” explains Joe Krayer, HR 7 OMD Director, Google Australia. 8 Sydney Water 9 Getaway Our research found key attributes attract 10 Coca Cola potential employees regardless of industry. The report uncovered image and reputation 11 Microsoft drive attraction just as Xiang, Chen & Ye 12 Vodafone (2005) would predict using the signalling 13 eBay theory. 14 Commonwealth Bank 15 The United Nations Ranked second, the various Virgin companies 16 Salmat have a CEO that sends strong signals about the brand. Richard Branson provides a halo 17 Lonely Planet effect for the entire Virgin Group. He boosts 18 Air New Zealand attraction and job application numbers by 19 ABC sending signals about what it is like to work at 20 BHP Billiton Virgin. At a recent Business Chicks Breakfast in Sydney, Branson promoted Virgin‟s culture when he said, “Our people need to be 100% proud of where they work and believe in what they do every day.” Branson is often shown partying with staff which conveys the image that combining work and play is the norm at Virgin. A standout finding from the survey was the desire for people to work for themselves. Being your own boss and having control over your working life is very appealing to the Australian and New Zealand public. However, not everyone who is currently self-employed voted themselves as working for their “Many people might not know Dream Employer. This is explored in more detail in section what Google employees actually five. do all day, but they still want to do it.” Other top 20 highlights include Getaway and the United Nations. “Australians are the world‟s greatest travellers and we James Garriock, CEO, Insync Surveys allow people to dream for an hour a week of being somewhere else,” says John Walsh, executive producer at Getaway. The idea of getting paid to travel around the world is a key attraction. The United Nations on the other hand has only a small pool of direct employees in Australia, yet the work they do clearly resonates with many. Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 3
  • 5. Lastly, employee advocacy played a large part in the appearance of OMD, Sydney Water and Salmat on the final list, given that they‟re not widely known consumer brands. Staff loyalty is often a measure of a successful attraction strategy (Corporate Leadership Council, 1999). “One of our values is „fun really matters‟.” Most of the Dream Employers are high profile consumer brands. Many of them also offer the chance for employees to mix work with Carolyn Maloney, play. Disney is a great example: “It sounds simple, but what we do for Director People Management, OMD a living makes people happy and you can‟t underestimate how much that means to our employees,” says Carly Peter, Human Resources Director for The Walt Disney Company Australia and New Zealand. New Zealand companies play the Kiwi card Half of New Zealand‟s Dream Employers are local companies that aren‟t ashamed to play the patriotism card. Kiwibank CEO Paul Brock sums it up by saying, “Everyone owns the culture; the culture in our bank is about being Kiwi.” This is also true at Air New Zealand, who “encourage people to be themselves and to share the Kiwi spirit,” according to Group GM Technical Operations and People, Vanessa Stoddart. When asked what is the best thing about working at ASB Bank, John Barclay, Chief Human Resources Officer responded, “Over 3700 of our colleagues have stated they value our company reputation, the fact that we‟re a successful business and we provide the opportunity to work with great people.” The New Zealanders clearly have passion for their national brands and their people. Rank NZ Dream Employer 1 Google 2 Air New Zealand 3 Self 4 Virgin Group/Richard Branson 5 Vodafone 6 Kiwibank 7 ASB Bank 8 Fonterra Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 4
  • 6. 3. What makes a Dream Employer? What is so appealing about the 20 Dream Employers and what are they doing right? Respondents were asked to nominate why they had chosen a particular company as their Dream Employer from a choice of 12 options including “other”. Up to three responses could be chosen. Reasons for choosing a Dream Employer Brand/company reputation 41% Culture 39% Work-life balance 28% Rewards & recognition 27% Personal interest 27% Pay, benefits & conditions 27% Products & services 23% Innovative 21% Social/environmental 14% CEO 11% Equal opportunities 4% The top drivers are brand/company reputation and culture. The importance of developing a healthy brand and creating a people-centric organisation is key to gaining a competitive advantage in the employment market, a notion supported by Pfeffer (1998) and reinforced by the voters‟ voice. Ultimately, brand image is built through a solid reputation for consistently delivering on an employment value proposition. An employer that fails to deliver value to the employee will have a disgruntled workforce and a blemished reputation. Google is consistently selling their employer value proposition through the media, across the web and by promoting employer excellence awards. “At Google we believe that a strong culture and an atmosphere of fun, integrity, and creativity contribute to the productivity of our employees. Googlers believe in the company they work for and truly enjoy coming to work each day,” says Joe Krayer, HR Director, Google Australia. “The Australian public has a strong affinity with the Disney brand. For more than 80 years, The Walt Disney Company has created magical, compelling entertainment experiences that delight audiences and engage families through the generations,” says Carly Peter, Human Resources Director for The Walt Disney Company Australia and New Zealand. Both existing and potential employees get a “feel good” sense (Greening & Turban, 2000) when viewing the company as an employer and these positive messages of brand and culture are reinforced in the market. Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 5
  • 7. Word of mouth is an extremely powerful tool to promote positive messages to the market (Reichheld, 2003). Coca Cola Amatil have a very effective employee referral program which helps spread the word about the company culture to future candidates. Grant Kerswell, Director Human Resources, Coca Cola Amatil also highlights, “There is so much passion in our business because our people are passionate about the brands and our company.” Many people learn about a company‟s culture through word of mouth. Work/life balance is also a priority for voters. With “play” being a common theme across a majority of the top 20 brands this is not a surprising result. However, being able to find the right balance between professional and home life is taken very seriously by many companies, including Lonely Planet. “We have high expectations, and in return we offer considerable flexibility and a fun working environment. It‟s also much easier to get the work/life balance right when you are passionate about what you do,” comments CEO Matt Goldberg. Recognition just as important as pay Generous pay and trendy products or services are not enough anymore to make an employer stand out as the most desirable place to work. The results show rewards & recognition are just as highly sought after as pay, benefits & conditions and personal interest, with all three sets of factors receiving the same number of nominations among respondents. Employees want to be acknowledged, thanked and recognised for their contribution and this is a key factor in their decision to stay with their employer. A recent RedBalloon survey of 3,000 employees found that 52% of employees said they would leave their company if they did not receive recognition. Whichever way you look at it, becoming a Dream Employer is not easy. There are many factors that contribute to a successful employer brand. It‟s about delivering on promises and ensuring they are aligned with the company‟s reality. “Brands are delivered by people not products. How people talk about an organisation is the most powerful way to build a brand. A recognition program recognises employees' positive behaviours you want to reward, such as living a brand's values, which in turn contributes to its culture," says Naomi Simson, CEO and Founder, RedBalloon. “Your value proposition has to be reflected across your business, starting with the recruitment process – branding as you go to press, tone and words used in the screening process, interaction when hiring, the company induction and your overall orientation to the organisation.” Peter George, Organisational Psychologist, Talent2 Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 6
  • 8. What’s important in a Dream Employer for the different generations? • Company/brand reputation is most important for Gen X and Y “Gone are the days when men managers only gave their staff • Culture is equally a driver for all generations a pat on the back and a couple of movie • Work/life balance is rated second in tickets for a job well done. The importance of importance for Baby Boomers and not a reward and recognition programs are an high priority for Gen Y, which could be imperative driver for business success.” reflective of life stages • Personal interest ranked fourth for Gen Y, Naomi Simson, CEO and Founder, RedBalloon who are keen to pursue their passions Reasons for choosing a Dream Employer by generation 31% Brand/company reputation 42% 44% 38% Culture 39% 39% 32% Work-life balance 30% 25% 21% Personal interest 23% 34% 25% Pay, benefits & conditions 27% 27% 30% Rewards & recognition 26% 25% 27% Products & services 23% 21% 19% Innovative 21% 22% 15% Social/environmental 13% 16% 16% CEO 13% 6% 10% Equal opportunities 4% 2% Baby Boomers Gen X Gen Y Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 7
  • 9. The top five uncovered Why are people attracted to the top five companies and what are they doing right? “Marketing investment designed to attract new 1 Google is a clear winner for its culture and work/life balance. “Perhaps what best demonstrates customers also has a spill over effect Googlers‟ belief that their work is not just a job is the in attracting new employees.” culture of honesty and kindness that permeates the company,” reports Joe Krayer, HR Director, Google James Garriock, CEO, Insync Surveys Australia. 2 Richard Branson and the Virgin Group are seen as one and the same, and appeal is very high. Respondents indicated the CEO is equally important as brand/company reputation. The local brand Virgin Blue achieved success, being voted the “best low cost airline” four times running. Australian CEO John Borghetti says, "The award is testimony to the great product, brand and people that make Virgin Blue what it is today.” 3 With one in ten people currently working for themselves in Australia (ABS, 2009) it is of no surprise that the majority of respondents are looking for work/life balance and to pursue a personal interest. None of the top companies come close to what people think they can offer themselves on these two factors. 4 Apple’s biggest attraction driver is its brand/company reputation and perhaps not surprisingly, products and services are also a key factor in why people voted for Apple. The worldwide popularity of Apple‟s products, such as the iPhone which was ranked nine in BrandAsset Consulting‟s 2010 Australian leading brands, has translated into an employee attraction factor. 5 The Spirit of Australia brand, Qantas, is led by the driver of brand/company reputation. It‟s also in front for pay, rewards and recognition and benefits and conditions. New Zealand Dream Employer drivers 1. Air New Zealand are driven by brand/company reputation 2. Kiwibank‟s key attribute is culture 3. ASB Bank is voted for rewards & recognition and products & services Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 8
  • 10. 4. Only 3/10 people are working for their Dream Employer Employed respondents were asked the question “Are you currently working for your Dream Employer?” Only one in five Gen Y respondents is working for their Dream Employer. Even more disturbing is that as they near the end of their careers, only 38% of Baby Boomers have found their Dream Employer. Working for your Dream Employer by generation Baby Boomers 38% Gen X 26% Gen Y 20% Creating a “people centred” company rather than chasing and acquiring top talent is a very effective management strategy according to Pfeffer and O‟Reilly (2000). This was reinforced by Richard Branson when he spoke at the recent Ultimate Success Summit in Sydney, “Lavish praise on people to get the best from them. Look for the best in people. If those people are happy in their workplace and enjoy the work they‟re doing, then your customers will be happy.” The key to building a viable employment brand is delivering on your value proposition. Peter George, organisational psychologist at Talent2, says, “Once an employee starts, inconsistencies in the advertised employer value proposition and day to day practices will no longer be tolerated by individuals who now, more than any other time in history, look at core values and how their leaders bring out those core values.” “Over 90% of staff who respond to our employee satisfaction survey say they are proud to work at Microsoft and would recommend Microsoft as a great place to work.” Nicole Blunck, Organisational Development Manager, Microsoft Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 9
  • 11. Would you recommend your current employer? To gauge employee loyalty, employed respondents were asked how likely they would be to recommend working at their organisation to family and friends. A scale of 0–10, where 0 equals not at all likely and 10 equals extremely likely, was used. Current employer advocacy 32% 37% Promoters – responded 9 or 10 Passive – responded 7 or 8 Detractors – responded 6 or less 31% The overall Net Promoter Score (NPS)* for current employers is negative five (-5). Insync Surveys‟ proprietary research shows that only one quarter of Australian organisations have a net positive word-of-mouth from employees. Top listed company Air New Zealand understands the importance of employee loyalty and their efforts seem to be paying off. “At exit interviews 99% of staff say they would return to Air New Zealand if the opportunity arose,” says Vanessa Stoddart, Group GM Technical Operations and People, Air New Zealand. Who’s recommending whom? People from the IT, media and finance sectors are most likely to recommend their current employer. However, employees in the agricultural, forestry and fishing sector are least likely to be advocates. Current employees are the most commonly used and most credible source of information about an organisation for prospective employees so the advocacy test is a key forward indicator of attractiveness. Who’s missing from the list? Notorious for its status as a “millionaires‟ factory”, Macquarie Bank is a notable absentee from the post GFC Dream Employers list. However, when asked the question “Who do you think is the Dream Employer in the industry that you work in?” the holy dollar company remains the most popular choice for the 226 respondents currently employed in the financial sector. Second place for this group was Commonwealth Bank, which was a more popular choice than any of the other retail or merchant banks, super funds and insurance companies. *Net Promoter is a registered trademark of Satmetrix Systems, Inc., Bain & Company and Fred Reichheld Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 10
  • 12. 5. Being your own boss is on the wish list Of those who want to be their own boss, only one in eight (12%) are currently self-employed. It seems the grass is greener theory applies here. “When you‟re employed, you don‟t know what you don‟t know. It‟s easy to look at self-employment with rose-tinted glasses,” says Robert Gerrish, Founder of Flying Solo. When people work for themselves they don‟t appear to be much happier than others. The results show 35% of currently self-employed people work for their Dream Employer. When compared to the overall response of 27%, the results are similar. However, the concept of freedom is very inviting. In a recent survey by Flying Solo, respondents said the biggest appeal of self-employment was general flexibility, followed closely by being in control. Employment status for those who want to work for themselves 2% 1% 2% 4% 5% Employed Self-employed 12% Home duties Student Unemployed Retired Other 74% The main drivers for wanting to be self-employed are work/life balance and personal interest. Research from Flying Solo also supports this, but suggests that the balance is “within” rather than “between” life and work. “Many self-employed people work long hours, but they do so when they want to and because they want to. It‟s less because „they have to‟,” explains Gerrish. Self-employed working for their Dream Employer 35% Yes No 65% Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 11
  • 13. Reasons for wanting to be self-employed 31% Work-life balance 30% 21% Personal interest 23% 13% Pay, benefits & conditions 10% 7% Rewards & recognition 8% 7% Social/environmental 7% 5% CEO 6% 13% Culture 4% 3% Products & services 3% Currently self-employed Not currently self-employed Who wants to be their own boss? The Baby Boomer male is more likely to take the Is the grass greener on risk of being their own boss, according to the self-employed side? the results. This finding is also supported by Gerrish. “Increasingly “There are definitely downsides to being self-employed. they are looking for lifestyle over Isolation can be a problem. The self-employed have to income, by the Baby Boomer work hard at staying connected, getting out and age they are typically well- established financially, and like networking, not only to grow business but for human the idea of being masters of their connection.” own destiny.” Robert Gerrish, Founder of Flying Solo Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 12
  • 14. 6. The nightmare employer The survey also asked the question “What makes a nightmare employer?” Eight options were offered, including “other” with respondents able to choose up to three. Reasons for nominating a nightmare employer Poor culture 35% Nature of the work 31% Company/industry reputation 30% Negative social impact 28% Bureaucratic 27% Lack of rewards and recognition 23% Environmental impact 13% Negative workplace culture is the key factor in tarnishing an organisation as an ideal employer. People are drawn to a company‟s culture and the strength of its brand, and survey respondents clearly do not want to be associated with a company that has a bad reputation. The findings are in line with the notion that people are happiest and productive when they are working in a healthy organisational culture and the reverse is true, in that culture plays a huge part in high performing organisations (De Waal, 2007). Nature of work was ranked second in identifying a nightmare employer. People want to be passionate about their job and understand this is a key driver to being happy in the workplace. Linn Taylor, Production Manager, at Getaway, sums it up by saying, “We have a core group of people that have been with the show for ten years plus. We all have a passion for travel.” Bureaucratic and negative social impact also ranked high on the list of turn offs. People want a fun work environment without the red tape. People‟s self image is boosted when they are work for a socially responsible organisation. Interestingly, lack of rewards and recognition didn‟t appear on the top of the list, perhaps indicating an employer‟s value is based on multiple job offer components rather than just compensation. Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 13
  • 15. 7. The winners under the microscope In this section we take a closer look at the Dream Employers and dig deeper to uncover some of the trends that have emerged within industries, generational differences and preferences according to gender. Dream Employers by industry So who are the industry winners? Not surprisingly 11 of the industry winners also appear on the overall Dream Employers list. However, the additional four companies who have come up favourites have a high profile and continually send positive employer brand messages; which appears to give these companies a competitive advantage in the labour market. Industry Dream Employer Main reason why Advertising OMD Culture Airline Virgin The CEO Alcohol Lion Nathan Culture Automotive BMW Brand/company reputation Communication Vodafone Culture Finance Commonwealth Bank Brand/company reputation Food & drink Coca-Cola Brand/company reputation IT Google Culture Media - film The Walt Disney Company Brand/company reputation Media - print Vogue Brand/company reputation Media - television Getaway Personal interest Not-for-profit United Nations Social/environmental Retail eBay Culture Sport AFL Brand/company reputation Travel Lonely Planet Personal interest Perhaps no surprise is that the iconic Richard Branson is the driver for Virgin being voted a Dream Employer. He lives and breathes the brand, a point he reinforced to an audience at the Business Chicks Breakfast in Sydney. “I hang out with my people when I travel, party with them. Apart from the fact I like it…you have to be available to your people.” This is smart and it‟s working. De Waal (2007) also agrees that leadership is a key characteristic of high performing organisations. Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 14
  • 16. Lonely Planet knows that a key attribute for them is personal interest. “It‟s understandable there are people passionate about working for a company that exists purely to help people have amazing travel experiences. Our brand is well known and stands for empowering authentic experiences,” comments Lonely Planet CEO Matt Goldberg. What drives Lonely Planet understand travel is loved by many people to work for a NFP? and is often life changing, hence they actively promote this attribute to build “People might dream of working for a NFP, but not all their employer brand. of them apply. It‟s the one slice of the working world that drives itself on its passion, resourcefulness and sheer dedication to get results and make a difference.” Conscience versus glamour Dianne Holbery, Services Manager, Impact Support Services Twice as many people want to work for a not-for-profit (NFP) organisation as for a luxury brand. Despite this, the result is surprising in the light of recent research by Insync Surveys on HR challenges for NFPs which addresses the unique recruitment issues faced by the industry. Limited budget and low salaries are some of the hurdles limiting job applications. However, given the chance to dream, people are more willing to attach to values than work for glamour. Perhaps signalling theory (Greening & Turban, 2000) is at play here again, but this time the social conscience comes from the prospective employee, not the employer. Dream Employers, male and female choices The gender results are not as stereotypical as one might expect. Men and women want to work for similar organisations and are attracted to Dream Employers by the same drivers. Female Male Rank Dream Employer Rank Dream Employer 1 Google 1 Google 2 Virgin Group/Richard Branson 2 Virgin Group/Richard Branson 3 Self 3 Self 4 Qantas 4 Apple 5 Apple 5 Coca-Cola 6 The Walt Disney Company 6 BHP Billiton 7 OMD 7 Qantas 8 Getaway 8 The Walt Disney Company Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 15
  • 17. There are two clear differences between the male and female results. Coca Cola and BHP Billiton are brands that appeal more to men than women, ranking fifth and sixth respectively. These companies‟ key features appeal to a male audience. The reputation of being a boys‟ club is certainly evidenced in the results for BHP Billiton‟s appeal to men. OMD and Getaway are the female preference. OMD‟s result can be attributed to high female employee engagement. Getaway„s image of freedom, luxury travel and continual new experiences influenced many women. This value proposition far outweighs the downside of travelling for up to 20 weeks of the year. Industry choices by profile It‟s of no surprise men are twice as likely to opt for sport and finance. Conversely, not-for-profit and travel choices are 50% more attractive to women. Insync Surveys‟ NFP research paper supports the idea that NFPs appeal to women and the Dream Employers results back this up. Government was ranked third as a Dream Employer industry. A multitude of government organisations were nominated without a standout choice. Female Male Rank Industry Rank Industry 1 IT 1 IT 2 Airline 2 Airline 3 Government* 3 Government* 4 Retail 4 Retail 5 Self-employed 5 Self-employed 6 Not-for-profit 6 Professional services 7 Travel 7 Sport 8 Professional services 8 Finance Baby Boomers didn‟t favour a particular industry, however they are half as likely to want to work in IT than other generations. Gen Y and X are more likely to “Understanding your target dream of working in the following sectors: employee groups and creating • Food and drink messages that resonate with them is the • IT most efficient way of building employer • Media – film attractiveness.” • Retail • Advertising James Garriock, CEO, Insync Surveys Airlines was also clear standout for Gen X. Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 16
  • 18. 8. Methodology The survey was designed to identify which organisations Australians and New Zealanders dream of working for; and why. The survey consisted of 10 mainly pre-coded questions and was completed online during August 2010. The survey was made available to the general public via a dedicated Dream Employers website (www.dreamemployers.com.au), email, online Fairfax websites and Facebook. In addition, business leaders were also able to encourage their networks to participate. The survey resulted in a high response from a random sample of the online population. Whilst the focus of the research was primarily Australia and New Zealand, given the approach used, there was scope for responses from all over the world. The survey recorded place of residence to facilitate country specific analysis. Respondents to the survey, excluding ACT residents, were entered into a prize draw to win one of two $500 RedBalloon gift vouchers. All respondents were asked to nominate their “Over the last few years we have Dream Employer. Responses to this question achieved significant change in our were ranked in order of frequency, culture to one where our people are even with the highest ranking more committed to our goals and valued for their organisations identified as contributions. Being recognised as a Dream Employer is the winners. testament to the importance we place on our people being Academic references are key to our success.” available by emailing: research@insyncsurveys.com.au Barbara Chapman, Group Executive Human Resources and Group Services, Commonwealth Bank “When you tell people you work for Disney, it always invokes a positive reaction.” Carly Peter, Human Resources Director for The Walt Disney Company Australia and New Zealand Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 17
  • 19. 9. Response rates The 2010 Dream Employers Survey was completed by 2965 respondents. A breakdown of responses by demographic is shown below. Gender Generation 13% 32% Baby Boomers 35% (1940-1960) Female Gen X Male (1961-1980) 68% Gen Y 52% (1981-1994) Location Employment situation 1% 10% 5% 6% 7% Employed Australia 4% Home duties New Zealand Self-employed Other Student 78% Other 89% Australia New Zealand 2% 7% 13% NSW QLD 43% North Island 31% SA VIC South Island WA 5% Other 87% 13% Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 18
  • 20. 10. About us About Insync Surveys Insync Surveys is a 2009 BRW Fast 100 company. With offices in Melbourne and Sydney, we specialise in employee, customer, board and other stakeholder surveys backed by consulting. Our organisational psychologists and research experts help organisations become more effective. We‟ve worked with some of the largest organisations in Asia Pacific, including: Cathay Pacific, Toll, Medibank Private, WorleyParsons, Fairfax Digital, Mission Australia, the Australian Curriculum, Assessment and Reporting Authority, state government departments, many local councils and most university libraries. This broad experience allows us to benchmark your results. About RedBalloon RedBalloon For Corporate provides exciting reward and recognition solutions, corporate gifts and sales incentives to ensure businesses keep their employees and customers motivated, rewarded and engaged. Using RedBalloon‟s unique resource of over 2,000 amazing experiences in Australia and New Zealand they specialise in creating attachments between employees and their employer. RedBalloon has also been awarded for its innovative employee engagement practices. In 2009 they were named in the top ten Best Places to Work by BRW and Hewitt Associates have also awarded RedBalloon with an engagement score of over 90 percent two years in a row. The average engagement score in Australian businesses is 55 percent. Dream Employers Supporter – Talent2 Talent2 is the leading Human Resources Outsourcing (HRO) and Managed Services provider in the Asia Pacific region, delivering integrated HR solutions, both outsourced and in-sourced, and innovative and effective talent management solutions. The company offers a range of solutions including Recruitment, RPO, HR and Payroll and Learning and Development, which positions the company uniquely to service the rapidly growing business needs for HRO. Founded in 2003, the company is listed on the Australian Stock Exchange („TWO‟). Talent2 operates through a holistic offering set of „Acquire, Manage and Optimise,‟ which makes the company uniquely placed to service growing business needs for HRO. BROUGHT TO YOU BY: SUPPORTER: Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 19
  • 21. Contact us To discuss any of the research in further To transform your workplace culture, To find out more information from Talent2, detail or review your organisation‟s contact RedBalloon for corporate gifts, or to speak to someone on the topic of retention and employee alignment reward and recognition programs and effective talent management solutions, requirements, please contact: employee engagement advice. please contact: Virginia Shaw RedBalloon Corporate Aideen McDonald Insync Surveys Pty Ltd Australia: 1300 85 09 40 BlueChip Communication research@insyncsurveys.com.au query@redballoon.com.au aideen@bluechipcommunication.com.au Phone: +61 3 9909 9222 New Zealand: 0800 555 029 Phone: +61 2 9018 8600 query@redballoon.co.nz +61 416 946 932 www.insyncsurveys.com.au www.redballoon.com.au/corporate www.talent2.com Dream Employers Uncovered 2010 Report © Insync Surveys Pty Ltd Page 20